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Security Statement | Privacy Policy |
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Phone: 540.463.2222 |
Account Components |
Business Essential |
Business Essential Plus |
Community Essential* |
Business Interest |
Business Commercial** |
Business Money Market |
| Minimum Opening Balance | $50 |
$100 |
$50 |
$100 |
$100 |
$100 |
| Minimum Balance | $2,500 |
$5,000 |
$2,500 |
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| Average Monthly Balance Requirements (to avoid monthly fees) | $5,000 |
$10,000 |
$5,000 |
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| Combined Monthly Average (to avoid monthly fees) | $10,000 |
$20,000 |
$10,000 |
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| Monthly Maintenance Fee | $10 |
$15 |
$15 |
$10 |
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| Items per month | >50 = .50 per item |
>250 = .35 per item |
UNLIMITED |
>250 = .35 per item |
Credits .35 Per Item Debits .15 Per Item Deposits .10 Per Item |
6 transfers per statement cycle. Excess item fee may apply. |
| FREE Cash Processing Per Month | X |
X |
X |
X |
X |
X |
| 1st Order Basic Checks FREE | X |
X |
X |
X |
X |
X |
| Bill Pay | X |
X |
X |
X |
X |
X |
| Free Check Card | X |
X |
X |
X |
X |
|
| Online Banking | X
|
X |
X |
X |
X |
X |
| Cash Management Services*** | X |
X |
X |
X |
X |
X |
| Free Image Checks | X |
X |
X |
X |
X |
X |
| Night Depository | X |
X |
X |
X |
X |
X |
| CD Image | X
|
X |
X |
X |
X |
| * Community Essential Checking is available to charitable, civic and municipal organizations.
** Commercial Checking Accounts are subject to account analysis, which determines monthly service charges. When the account carries a sufficient compensating balance, no monthly service charges are assessed. Earnings Credit: Your business account will receive an earnings credit based on your ledger balance less uncollected funds. This figure is your Average Available Balance. The Average Balance is then reduced by 10% of your ledger balance. The bank then takes this Investable Balance and applies an Earnings Credit Rate. If the resulting Earnings Credit calculation is less than the monthly cost for services, the account is assessed the difference in service charges. If the Earnings Credit is sufficient to cover the monthly cost for services, no service charge is assessed. *** Cash Management Services currently offered include: Remote Deposit Capture, Positive Pay, Automated Clearing House (ACH), Merchant Services and Sweeps (ZBA). |